DevOps Articles

Three Vital Aspects of Financial-Grade Security

Financial-grade security refers to a cybersecurity approach that deals with high-security requirements. Many data protection regulations now exist around the globe, such as Europe’s General Data Protection Regulation (GDPR), Australian Privacy Principles (APPs), Brazil’s General Personal Data Protection Act (LGPD), and South Korea’s Personal Information Protection Act (PIPA).

In this article, I will cover three aspects that are essential for building out a financial-grade security model.

When implementing financial-grade security, it is vital to mitigate the risk of a malicious client accessing data with stolen access tokens.

In summary, the good, the basic and the ultimate aspects of financial-grade security are: Multifactor authentication Pairwise pseudonymous identifiers Sender-constrained tokens (certificate-bound access tokens, DPop) Message-level security with JAR and JARM OAuth best practices The Hypermedia Authentication API